Cryptocurrency Exchange CEX.IO Partners with FIS to Launch Consumer Debit Cards

Fazzaco learned that cryptocurrency exchange CEX.IO has partnered with financial technology leader FIS to launch crypto-based consumer debit cards.

This partnership will support CEX.IO's planned launch of debit cards for its cryptocurrency customers. The new line of consumer cards will tie traditional debit capabilities to modern cryptocurrency accounts, expanding the exchange's existing payment gateway and global acquiring relationship.

CEX.IO chose the FIS Debit & Prepaid Platform, which will handle all aspects of card management and processing for the new card line, including purchase authorization, risk management, and regulatory compliance.

Earlier this month, Fazzaco reported that FIS has partnered with NYDIG​, a provider of bitcoin-focused financial services and technology, to launch a new solution to enable banks to offer their customers the ability to buy, sell, and hold bitcoin via their bank accounts.